peterbokma

USDTRY-SELL strategy

Short
FX:USDTRY   U.S. Dollar / Turkish Lira
We await until we reach 14.50-14.75 area to start SELL again adding to our medium-term short.

The break above 13.98 will attract higher levels, and the USDRUB weakness will drag the pair higher as well. Strategy is SELL small increments 14.50-14.75 and next 15.50-15.75 and finally 16.50-16.75 if reached.

the monthly chart strongly suggest we will correct back to 10.50 - 9.00.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.